$3,240,000
$3,300,000
1.8%For more information regarding the value of a property, please contact us for a free consultation.
8,772 Sqft Lot
SOLD DATE : 08/29/2025
Key Details
Sold Price $3,240,000
Property Type Apartment
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR25169304
Sold Date 08/29/25
HOA Y/N No
Year Built 1960
Lot Size 8,772 Sqft
Property Sub-Type Apartment
Property Description
First Time on the Market – Prime 8-Unit Multifamily Opportunity in Glendale (91207)
We are proud to present this rare 8-unit multifamily investment opportunity, offered for the first time ever in one of Glendale's most desirable rental pockets. Situated in the prestigious 91207 zip code, between Brand Blvd and cross st Louise, this well-maintained property has been held by the same family for decades and shows pride of ownership throughout.
Offered at a current cap rate of 5.4% (buyer to verify), this is a unique chance to acquire a high-performing asset with strong in-place cash flow in a premium location.
Recent capital improvements include:
* New roof
* Copper plumbing
* Dual-pane windows
* New sewer line
* Select units tastefully remodeled
* Numerous other upgrades over the years
The unit mix features an ideal configuration of seven (7) 2-bed/1-bath units and one (1) 1-bed/1-bath unit. Amenities include ample on-site parking, individual water heaters, and a common area laundry room, enhancing both tenant convenience and long-term operational efficiency.
Tenants enjoy exceptional walkability, with Trader Joe's, Coffee Bean, Walgreens, and a variety of shops, cafes, and restaurants just a short stroll away
Location
State CA
County Los Angeles
Area 627 - Rossmoyne & Verdu Woodlands
Zoning GLR4YY
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Curbs, Hiking, Sidewalks
Private Pool No
Building
Lot Description 6-10 Units/Acre
Story 2
Sewer Private Sewer
Water Private
New Construction No
Others
Senior Community No
Tax ID 5644010022
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash
Special Listing Condition Standard
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